In the current interest rate cycle, major banks such as HDFC Bank, Yes Bank, PNB, Canara bank have cut their fixed deposit interest rates. Here are a few banks that have not changed their fixed deposit (FD) rates. With the Reserve Bank of India (RBI) recently cutting the repo rate from 6.25% to 6%, there is a strong possibility that even these banks may soon begin cutting their fixed deposit (FD) interest rates. Here’s a look at the latest FD rates and updates from top banks like SBI, ICICI Bank, IDBI Bank, and IndusInd Bank.
State Bank of India
The State Bank of India (SBI) last revised its FD rates on June 15, 2024. Currently, it offers interest rates between 3.5% and 7% for general citizens and 4% to 7.5% for senior citizens. While the Amrit Kalash special FD scheme has been discontinued, the bank continues with the Amrit Vrishti scheme. This special FD has a tenure of 444 days, offering 7.25% per annum for regular investors, 7.75% for senior citizens, and 7.85% for super senior citizens (aged 80 and above). The scheme was launched on July 15, 2024.
| Tenors | Revised Rates for Public w.e.f. 15/06/2024 | Revised Rates for Senior Citizen w.e.f. 15/06/2024 |
| 7 days to 45 days | 3.5 | 4 |
| 46 days to 179 days | 5.5 | 6 |
| 180 days to 210 days | 6.25 | 6.75 |
| 211 days to less than 1 year | 6.5 | 7 |
| 1 Year to less than 2 years | 6.8 | 7.3 |
| 2 years to less than 3 years | 7 | 7.5 |
| 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years and up to 10 years | 6.5 | 7.50* |
ICICI Bank
ICICI Bank, which last revised its FD rates on April 11, 2025, provides interest rates ranging from 3% to 7.25% for general citizens (for deposits below Rs 3 crore), while senior citizens are offered interest rates ranging from 3.5% to 7.85%.
| Tenure | With Premature Withdrawal facility | |
| General Citizen | Senior Citizen | |
| 7 to 29 Days | 3% | 3.50% |
| 30 to 45 Days | 3.50% | 4% |
| 46 to 60 Days | 4.25% | 4.75% |
| 61 to 90 Days | 4.50% | 5% |
| 91 to 184 Days | 4.75% | 5.25% |
| 185 to 270 Days | 5.75% | 6.25% |
| 271 Days to 1 Year | 6% | 6.50% |
| 1 Year to 15 Months | 6.70% | 7.20% |
| 15 Months to 18 Months | 7.25% | 7.85% |
| HIGHEST | HIGHEST | |
| 18 Months to 2 Years | 7.25% | 7.75% |
| 2 Years 1 Day to 5 Years | 7% | 7.50% |
| 5 Years 1 Day to 10 Years | 6.90% | 7.40% |
| 5Y (Tax Saver FD) | 7% | 7.50% |
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IDBI Bank
IDBI Bank has also not made any recent changes to its FD rates, with the last revision occurring on December 23, 2024. It offers 3% to 7% interest for general citizens and 3.5% to 7.50% for senior citizens on deposits below ?3 crore. The bank has extended its Utsav Callable FD scheme—a special deposit option offering higher returns—until April 30, 2025.The special deposit tenures introduced under the Utsav Callable FD scheme will continue until April 30, 2025, as per the IDBI Bank.IndusInd bank FD rates
IndusInd Bank, which last updated its FD rates on February 2, 2025, is currently offering 3.5% to 7.75% for general depositors and 4% to 8.25% for senior citizens, making it one of the more competitive options among private sector banks.
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| DOMESTIC(RESIDENT) NRE/NRO deposits | 3 Cr* (Senior Citizen) Not applicable for NRE/NRO deposits | |
| Tenure | Rate | |
| 7 days to 14 days | 3.5 | |
| 15 days to 30 days | 3.5 | 4 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 4.75 | 5.25 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 180 days | 5 | 5.5 |
| 181 days to 210 days | 5.85 | 6.35 |
| 211 days to 269 days | 6.1 | 6.6 |
| 270 days to 354 days | 6.35 | 6.85 |
| 355 days to 364 days | 6.5 | 7 |
| 1 Year to below 1 Year 3 months | 7.75 | 8.25 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 7.75 | 8.25 |
| 1 Year 4 months to below 1 Year 5 months | 7.75 | 8.25 |
| 1 Year 5 months to below 1 Year 6 months | 7.75 | 8.25 |
| 1 Year 6 Months up to 2 Years | 7.75 | 8.25 |
| Above 2 Years to below 2 Years 6 Month | 7.25 | 7.75 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.25 | 7.75 |
| 2 year 7 months to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 month | 7.25 | 7.75 |
| 61 month and above | 7 | 7.5 |
| Tax Saver (5 Years) | 7.25 | 7.75 |
Union Bank of India
The bank offers interest rate between 3.5% and 7.30% on tenures ranging from 7 days to 10 years. The highest interest rate of 7.30% is offered on tenure of 456 days for general citizens. The revised rates are applicable from January 1, 2025.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank offers interest rate between 4% and 8.50% for general citizens and for senior citizens, the bank offers interest rate between 4.60% and 9.10%. The rates were last revised on June 7, 2024.
